Proper control on capital budgeting process

Question

Write down the steps carried out for proper control on capital budgeting process?

Answer 1

Steps which are carried out for control the capital budgeting procedure are illustrated below :-

i) Indentify the proposals that are already included in capital budgeting.

ii) Do the screening of the proposal for prospect opinion.

iii) Measure the various types of proposals

iv) Secure the priorities of the proposals

v) Last approval and planning of the capital expenses

vi) Execute the proposal

vii) Appraisal the proposal.